Global mining giants eye Quesnel Trough
British Columbia’s Quesnel Trough could see heightened exploration this year now that several international majors have taken an interest.
Volume 97 Number 15 May 30 - Jun 5, 2011
Market News (May 30, 2011)
Toronto Stock Exchange
Spot prices (May 30, 2011)
Tuesday, May 17, 2011
LME warehouse levels (May 30, 2011)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 23, 2011 (change from May 16 in brackets):
ArcelorMittal invests $2.1B in Quebec
ArcelorMittal (MT-N) is spending $2.1 billion to expand its Mont-Wright mining complex and Port-Cartier pellet plant near Fermont in northern Quebec.
Metals commentary: Copper demand to outpace supply, says ICSG
The following was released by the International Copper Study Group (ICSG) as part of its Copper Market Forecast. For more information visit www.icsg.org.
Cline slumps on production delays, dilutive financing
Investors disappointed with Cline Mining’s (CMK-T, CLNMF-Q) early morning announcement on May 16 that coal production in 2011 is going to be lower than expected at its recently reopened New Elk coal mine in Colorado were hit with more…
Quaterra picks up past producer in Nevada
The 1970s were not kind to the Anaconda Copper Company. Its properties were expropriated in Chile and the company was eventually taken over by Arco, an oil and gas company that wasn’t interested in the copper producer’s mineral assets, which…
Southern Arc outlines wide zone
On one a tough day on the market for miners, Southern Arc Minerals (SA-V) defied the trend and made a solid gain on the back of its latest drill results.
MABC honours O’Rourke, Pease
The Mining Association of British Columbia (MABC) has co-awarded Jim O’Rourke of Copper Mountain Mining (CUM-T) and Robert Pease of Terrane Metals as 2010’s “Mining Person of the Year.”
Editorial: Mont-Wright iron mine to double in size
Eastern Canada’s reborn iron ore mining industry had another big growth spurt in mid-May.
Producer and dealer prices (May 30, 2011)
Antimony: Mid-mkt US$16,800/t